What is the depreciation base
Ferguson Company purchased a depreciable asset for $100,000. The estimated salvage value is $10,000, and the estimated useful life is 10 years. The straight-line method will be used for depreciation. What is the depreciation base of this asset?
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Mitchell Corporation bought equipment on January 1, 2010. The equipment cost $90,000 and had an expected salvage value of $15,000. The life of the equipment was estimated to be 6 years.
Compute the total taxes resulting from the sale of the asset. Assume a 34 percent ordinary tax rate. The asset was purchased for $75,000 3 years ago and has a book value (undepreciated value) of $40,000.
The net income reported on the income statement for the current year was $310,000. Depreciation recorded on fixed assets and amortization of patents for the year were $40,000 and $9,000, respectively.
Rank these five projects in the descending order of preference, according to NPV, IRR, and profitability index (or benefit/cost ratio).
A pie chart would be most appropriate with which of the following tests? chi-square goodness-of-fit, chi-square test for independence, or correlation?
Badges Framing's cost formula for its supplies cost is $2,240 per month plus $6 per frame. For the month of May, the company planned for activity of 808 frames, but the actual level of activity was 810 frames.
For each project, compute the NPV at 12 percent cost of capital, and the IRR. Explain why the rankings conflict. Recommend which project should be chosen.
The current balance sheet of Apex reports total assets of $20 million, total liabilities of $2 million, and owners' equity of $18 million. Apex is considering several financing possibilities in order to expand operations.
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